LayerZero Report on KelpDAO Hack: Confirmed to Only Affect rsETH Pool
April 20: LayerZero Labs released an incident report stating KelpDAO was attacked on April 18, leading to losses of roughly $290 million. Preliminary analysis links the attack to North Korea’s Lazarus Group—specifically the threat actor known as TraderTraitor.
The attack compromised the downstream RPC infrastructure of the Decentralized Validation Network (DVN). The attacker controlled some RPC nodes, coordinated a DDoS attack to trick the system into switching to malicious nodes, and forged cross-chain transactions. All affected RPC nodes have been taken offline and replaced, and the DVN is now operational again.
LayerZero emphasized the incident was isolated to KelpDAO’s rsETH application configuration and did not impact other assets or apps. This stemmed from KelpDAO using a single-DVN (1/1) architecture at the time and failing to implement LayerZero’s recommended redundant multi-DVN setup, leaving it without independent validation nodes to detect forged messages. LayerZero no
17 minutes ago
Meme Coin BELIEF Reaches $11 Million Market Capitalization, 24-hour Price Change Up by 64%
April 20th — Per GMGN data (via [link]), Solana ecosystem meme coin BELIEF has seen steady gains since yesterday, peaking at $14 million in market cap. It now sits at $11.8 million, with a 24-hour gain of roughly 64% and a 24-hour trading volume of $1.7 million.
The token’s narrative centers on the Proof of Belief (POB) mechanism of Printr V2, a project incubated by Printr (which operates under Bybit Venture Studio).
BlockBeats reminds users that meme coins are extremely volatile assets relying heavily on market sentiment and hype—they lack inherent value or real-world use cases. Investors are advised to exercise caution due to these risks.
17 minutes ago
Organization: Reopening the Strait of Hormuz is not difficult, but the full recovery of oil flow may take several years
April 20 — An analyst said intermittent shipping in the Strait of Hormuz underscores the uncertain state of the key global oil and gas chokepoint. One thing is clear, though: even if the conflict subsides, oil flows through the narrow waterway will take months, possibly years, to rebound to pre-conflict levels.
The speed of recovery hinges not only on U.S.-Iran diplomatic progress, but also on logistics, tanker insurance availability, freight rates, and whether shipowners are willing to risk transiting the strait. Global tanker fleet rebalancing and a return of Gulf loading operations to pre-conflict levels will be uneven, with at least 8-12 weeks needed even under favorable conditions.
(Source: Jinse)
17 minutes ago
LayerZero Strategic Partner Wallet Conducts Unlock Distribution of 1.21 Million ZRO to 52 Addresses
On April 20th, Ember Group monitoring shows that a wallet linked to LayerZero’s “strategic partner” distributed unlocked ZRO tokens to 52 addresses half an hour ago.
Total distribution: 1.21 million ZRO (~$1.97 million). The largest single transaction—855,000 ZRO (~$1.42 million)—was sent to Binance.
Notably, LayerZero, the cross-chain bridge exploited by hackers in yesterday’s rsETH incident, saw its ZRO token drop 18% yesterday.
17 minutes ago
A certain whale withdrew 98,032 wstETH and 3,000 cbBTC from Aave
April 20th: Per LookOnChain monitoring, a crypto whale—who previously acquired 163,405 ETH (~$440 million) and 4,000 cbBTC (~$296 million) via over-the-counter (OTC) trades—withdrew 98,032 wstETH (~$272 million) and 3,000 cbBTC (~$221.6 million) from Aave.
Due to the KelpDAO rsETH cross-chain bridge exploit, the whale was unable to withdraw ETH. Instead, they swapped 7,438 aEthWETH (~$16.83 million) for 1,930 stETH and 5,272 ETH, incurring a $540,000 (~237 ETH) loss.
As of now, the whale still holds 10,000 ETH (~$22.8 million) on Aave.
17 minutes ago
Meme Coin TROLL Market Cap Surges Above $20 Million, 24-hour Growth Rate Reaches 33%
April 20th – Per GMGN monitoring (link: https://gmgn.ai/sol/token/i_m4TE56o8_5UUH9RTDiSpq6HKS6bp4NdU9PNJpXRXuiw6ShBTBhgH2), Solana-based meme coin TROLL saw a sharp surge in market cap this morning.
It jumped from $16.6 million, breaking above $22 million, and is now trading around $21 million—representing a 33% 24-hour gain, with $2.4 million in trading volume over the same period.
BlockBeats notes that meme coins are highly volatile, often driven by market sentiment and hype, with no underlying value or use case. Investors should be aware of the associated risks.
17 minutes ago
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